These companies kept promising proprietary meant that they could innovate more & that you needed billions of dollars to make it work, and then got their asses handed to them by an open source model developed in two months costing over 200x less
Comment on Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 17%
BananaTrifleViolin@lemmy.world 1 week ago
OR: “AI speculative bubble deflates as people realise there may not be massive profit in AI”. It’s not upending the AI industry, it’s upending the expectations that AI will be a license to print money (which has been based on nothing).
timewarp@lemmy.world 1 week ago
rockSlayer@lemmy.world 1 week ago
It’s upending the AI investment industry, and that’s the only thing the billionaires actually care about